Research & action tracks

Five questions that decide the trillion.

These are not abstract themes. Each track is a body of work — research, public dialogue, and implementation support — built on Bihar's own data and aimed at a specific decision the state has to get right.

TRACK 01

The Growth Arithmetic

GSDPStructural changeInvestment

Bihar's GSDP has grown at a CAGR of 11.4% over the last decade, touching roughly USD 130 billion in 2025–26, with a standout 14.5% in 2023–24. The growth is real. But a trillion-dollar economy by 2047 needs that pace held in dollar terms — 10–11% — for more than twenty years.

The harder truth is structural. Agriculture still contributes around 19.9% of GSDP while employing 76% of the workforce. That gap is the central development problem. This track examines what sectoral rebalancing, public investment, and productivity gains the arithmetic actually requires — and where today's trajectory diverges from the target.

11.4%
GSDP CAGR, 2015–16 to 2025–26
76%
Workforce in agriculture, ~19.9% of GSDP
TRACK 02

Energy & the Grid

PowerRenewablesBSPTCL

Bihar quietly fixed its power system. Peak demand rose from 700 MW in 2005 to 8,752 MW in 2025; supply went from 7–8 hours a day to 23–24; AT&C losses fell from 59% to 15.5%. The transmission utility BSPTCL has been profitable for over a decade and is preparing to become India's first state transmission company to list publicly.

The next phase is harder. RE Policy 2025 targets 23.97 GW of renewables by FY 2029–30 plus storage — and a trillion-dollar economy will draw industrial load the grid has never carried. This track tracks the build-out, the financing, and the gap between policy targets and projects on the ground.

8,752MW
Peak demand 2025, up from 700 MW (2005)
23.97GW
RE target by FY 2029–30, RE Policy 2025
TRACK 03

Green Growth & Climate

CR&LCDPResilienceManufacturing

Bihar hosts 14 of India's 50 most climate-vulnerable districts, and the sector most exposed — agriculture — is also the one most people depend on. Climate is not a side-issue here; it is an economic risk to the growth base.

In 2024 Bihar became the first Indian state to adopt an economy-wide climate pathway (CR&LCDP). With only 11.3% urbanisation against a national 31.2%, the state can plan low-carbon growth rather than retrofit it — embedding clean industry from the start and positioning as eastern India's green manufacturing base. This track treats resilience as strategy, not constraint.

14 / 50
Of India's most climate-vulnerable districts are in Bihar
11.3%
Urbanisation vs 31.2% nationally — plan, don't retrofit
TRACK 04

Finance Architecture

CapitalBlended financeInstitutions

Ambition is cheap; capital is not. RE Policy 2025 alone anticipates around USD 18 billion (INR 1.5 lakh crore) in investment. The trillion-dollar pathway needs far more — and the binding constraint is rarely the headline number. It is the absence of bankable projects, financing institutions, and a pipeline that converts policy into deals.

This track works on the plumbing: blended and concessional finance, the design of a dedicated climate-finance capacity inside government, and the project-preparation work that lets private and multilateral capital actually flow. Finance is where most good strategies quietly fail — so it is where we spend our attention.

$18B
Investment anticipated under RE Policy 2025
Pipeline
The real constraint: bankable, financeable projects
TRACK 05

People & Skills

DemographicsJobsMigration

Bihar's greatest asset is its people: 58% of 130 million are under 25. A demographic dividend on this scale is rare. It is also conditional — it pays out only if young people find productive work, and lapses into a liability if they do not.

Today, lean-season migration tells the story of an economy that cannot yet absorb its own workforce. This track examines the skilling the next two decades demand — green skills, digital and AI skills, and the manufacturing and services jobs that can keep talent in the state. The trillion is, ultimately, a story about whether Bihar's young people build it at home.

58%
Of 130M population under age 25
Dividend
Conditional on jobs — or it becomes a liability
How a track becomes impact

Research that doesn't stop at the recommendation.

PHASE 01

Evidence

We assemble the data from official sources — economic surveys, policy resolutions, departmental records — and publish the analysis in plain language with sources attached.

PHASE 02

Dialogue

We convene the people who decide — government, industry, finance, civil society — around the evidence, so the argument happens in public and in good faith.

PHASE 03

Delivery

We stay through implementation: project design, finance structuring, and the unglamorous follow-through that turns a good idea into something that exists.

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